I’ve been working on some budgeting and financial planning resources for a personal finance group I help run on Facebook. In the guide, I made a brief activity for participants to create their own financial mission statement. The big “WHY” that can remind them of their long term goals when they want a short term pleasure. I’m all for building in a steam valve so you don’t get money stress ulcers, but that’s why budgeting is important. You need to know your limit on how much steam you can blow off, before your whole long-term plan goes up in a sea of cute shoes that were on sale, soy lattes, and even Redbox rentals. Don’t nickel and dime yourself out of a secure financial future.
The mission statement approach can also help you stay mindful and in the moment when you’re having anxiety or stress about something. If you’re not happy at your job, think about your long-term mission. Put today’s annoyance on a scale against the long-term achievements and goals associated with more tenure in your position. Is today’s gripe going to ring a bell in a year? If you’re really miserable, start looking for new work that is more in line with your mission. (Your career mission can be “to have a job I really love,” which makes job shopping not only an option but a responsibility to your goals!)
Mission statements can be for the long term or they can be a short term mission. A mission for one hour, or one day. A to-do list is sort of a mission statement of how you plan to spend your day. I’ve started making my to-do lists in three-item chunks. The top three priorities of my day (usually more difficult or grudging tasks), followed by a quick and easy list of 3 things I can accomplish in a few minutes. By the time I’m done with those 3 big tasks and 3 little tasks, I’ve gotten a lot done and can either rest or make a new mission of 3 top priorities.
By making a really specific mission statement for my day, I’m able to reduce my anxiety. A giant to-do list of all the things I’d like to accomplish on a Saturday is overwhelming and I tend to get so caught up in not knowing where to start that I just procrastinate or do things that are “sort of productive” but not actually things that need to be done that day.
A recent list of mine looked like this:
Top 3 Priorities Today
- Work out
- Grocery shop
- Finish freelance project
3 Easy Tasks
- Send freelance invoices
- Send freelance pricing information
- Take laundry to basement
Next 3 Priorities
- Write budget guide
- Write a blog post (hey, it’s the post you’re reading right now!)
- Scoop litter box and clean up in the office
3 Easy Tasks
- Clear the living room table
- Take out trash and recycling
- Put away the clean dishes
If I had just put all these things on a list without prioritizing or putting them in any order, I would have very likely done all the little quick items first, then pretended I had gotten *so* much work done, and sat on my butt, wondering when I would get around to doing the bigger tasks. By arranging them in order like this, I could pull out the top 3 things that MUST GET DONE and make sure I do them before anything else. Doing the dishes would be nice, but not a top priority. Dishes can wait. Work needs to get done.
I am a list person, and I am a goal person. A list of goals is even better. The better to craft my mission statement, my sweet!
Here’s a breakdown of some of my current short- and long-term mission statements. Most of them are financial but one is related to health.
- My mission is to pay off our next three debts by the end of 2016, at a rate of one debt per month. (This helps me keep my budget on point. I am less likely to find other things we “need right now” to take out of the budget when I’m focusing on something like this. This goal is really big, those debts are between $1600 and $2000 each. And even if I only get two of them done, that’s amazing!)
- My mission is to weigh between 150-165 pounds and live a healthy lifestyle with daily exercise and a healthful diet without binge eating or obsessive food behavior. (This is a much more long term mission statement that encompasses not only a weight loss goal but also goals related to my mental health and relationship to food. This helps me to not overeat and also to allow myself indulgences without a guilt trip).
- My mission is to be debt free by the time I am 30. (This is another big goal! That’s only 18 months away, and we have quite a pile of debt. Over $60,000.)
- My mission is to become debt free so that we can afford for one of us to stay home with our kids when we start a family. (THIS ONE is the overarching mission. The mission driving all other missions. Nothing makes me reconsider buying a pair of leggings or a burrito bowl like imagining how fast I can get out of debt to be a stay-at-home-mom.)
What are YOUR personal mission statements, and how do they help to keep you accountable?
6 thoughts on “Your Mission Statement, Should You Choose To Accept It”
We followed Dave Ramsey’s process to get out of debt and become way more mindful of our finances. We paid off my student loan debt, saved up a 6 month emergency fund (for both our personal lives and our business). Listen to his podcast or watch videos on his youtube channel to remain focused and inspired. If others can do it, you can too!
I was the person terrified of the word “budget” but now I know that this word provides me with true freedom. I can spend money without feeling guilty – because I know that its there. It is beyond liberating.
Getting out of debt and being mindful of spending money has also helped change the way I approach other items in my life (like diet, exercise, etc).
I have been listening to the Dave Ramsey Show on my way to work via podcast every day! I love it for ongoing motivation. Those debt free screams are amazing at keeping you focused. With a lot of hard work and sacrifice my husband and I were able to pay off our smallest debt this month in full – a $1644 balance credit card. Next up is his car! 🙂 Thank you for your comments!
I completely understand where you are coming from about making a gigantic list of 50 things that you have on your mind that need to get done and then being overwhelmed by it. I think I will try your method on my next day off. Thanks!!
Reblogged this on waking the restless and commented:
I need to do this!
My greatest overarching mission is to build a guest house using bundles of cash as bricks. Failing that, I’ll settle on buying a litter box made of solid gold. Would the cats notice? Maybe not, but in my dreams the smell of the litter is masked by the luster of the gold.
In all seriousness, my missions involve eating healthy, dominating at CROSSFIT, saving money, burning extra possessions, and most importantly, telling everybody else how great I am at this stuff.
I think the cash house is probably not going to be up to code, but I like your style.